Bengaluru — Gold held steady on Friday with tension surrounding upcoming French elections underpinning the safe-haven demand, but the metal was on track for its first weekly drop in six. Spot gold was down 0.1% at $1,279.80/oz, as of 3.43am GMT. US gold futures slipped 0.2% at $1,281.60. Security concerns took centre stage on Friday in the last days of France’s tight presidential race in the wake of a shooting in Paris which killed one policeman. Polls ahead of the two-round French presidential vote, which begins on Sunday, give both far-right and far-left candidates a chance of making it into next month’s run-off, although centrist candidate Emmanuel Macron is shown in the lead. "I would expect investors to stay on the fence ... they would likely be market-watching rather than market-trading ahead of the French elections on Sunday, especially when there is no clarity," OCBC analyst Barnabas Gan said, adding polls could be unreliable. "Into the near term, if the geopolitical tension...
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